PARTNERS

Global fish and seafood market will see consistent healthy growth

The global fish and seafood market has grown steadily in recent years, registering a compound annual growth rate (CAGR) of 3.8% between 2011 and 2015, according to data from research company MarketLine.

MarketLine’s latest report shows that market values have increased in all regions. Global growth, however, is primarily driven by Asia-Pacific and South America, as the swelling middle classes begin to buy more expensive products through the organized retail channel. Despite this, the US is still the single largest market, and it is important for the global market that sales there continue to grow.

MarketLine analyst, Nicholas Wyatt, explains: “The US is the largest market by value for fish and seafood, accounting for 13.9% of global revenues. Value increases, while lower than in many other countries, have been driven by increased health awareness, as US public health bodies recommend eating two pieces of fish a week. Such advice is not unique to the US, and improved health consciousness is set to help the market globally in the mid to long term.”

The global market is forecast to grow at a CAGR of 3.9% between 2015 and 2020, aided by increased health consciousness and the desire for quality seafood among newly affluent consumers.

Volumes are growing at a slightly slower pace than values, demonstrating the impact of increased values in developing markets. In fact, the difference in growth rate between volume and value is greater in Asia-Pacific than it is on a global scale, providing further evidence that premium products are propelling the market in that region.

Wyatt adds: “The future looks bright for the fish and seafood market, but producers must pay attention to sustainability issues. Responsible fishing is key to the future health of the market. Overfishing or disease spread by overcrowded caging, as has been seen before in Chile, can create damaging health issues that rock consumer confidence.”

Although these issues mean forecasts must be treated with a degree of caution, the current outlook for the global fish and seafood market is very positive indeed.

LATEST NEWS

The summer issue of “Alimenti Funzionali” is now available

  In this issue, we feature the latest trend news for good health and wellness. We investigate the psycho-biology of eating behavior and we focus...

UVB treatments of packaged ready-to-eat salads

  Ready-To-Eat (RTE) salads conveniently pre-prepared in bags can promote the intake of natural bioactive compounds, including antivirals such as quercetin. However, the content of...

Regulation EU 2024/1611 authorising the placing on the market of a novel food

  Commission Implementing Regulation (EU) 2024/1611 of 6 June 2024 authorising the placing on the market of isomaltulose powder as a novel food and amending Implementing...

ASCOLTATE IL PODCAST DI "ALIMENTI FUNZIONALI"

DOVE TROVARE LE NOSTRE RIVISTE

8-12/09/2024, RIMINI
24-26/09/2024 - NORIMBERGA, GERMANIA
9-12/10/2024 - MILANO
16-17/10/2024 - VERONA
5-7/11/2024 - DUBAI, EAU
6-7/11/2024 LA ROCHELLE, FRANCIA
12-15/11/2024 MILANO
18-20/11/2024 - SAHANGHAI, CINA
19-21/11/2024 - FRANCOFORTE, GERMANIA
24-26/11/2024 - NORIMBERGA, GERMANIA
26-28/11/2024 BORDEAUX, FRANCIA
18-22/01/2025 - RIMINI
2-5/02/2025 - COLONIA, GERMANIA
5-7/02/2025 - BERLIN, GERMANIA
16-18/02/2025 - RIMINI
23-25/02/2025 - BOLOGNA
16-18/03/2025 - DÜSSELDORF, GERMANIA
5-8/05/2025
24-26/04/2025 - ISTANBUL, TURCHIA
13-15/05/2025 PARMA
18-22/05/2025 - DÜSSELDORF, GERMANIA
20-22/05/2025 - BARCELONA, SPAGNA
27-30/05/2025 - MILANO

CATALOGO LIBRI

CATALOGO RIVISTE